ERI makes a splash with Nasdaq float
- From: Vol 9, Issue 7 (July 2008)
- Category: General
- Region: Middle East
- Country:
- Related Companies: Calder and Energy Recovery Inc
Energy Recovery Inc. was one of the best received IPOs on Nasdaq so far this year. It shows the strength of the energy recovery device market. Different customers have different requirements and there is growth enough for all.
The success of Energy Recovery Inc’s debut on Nasdaq has drawn atten- tion to the rude health of the market for energy recovery devices for membrane desalination. ERI, which dominates the energy recovery device sector with a 50% market share (by installed capacity), was placed at USD8.50, opened at USD11.00, and sub- sequently traded above USD13.00 ...
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